RWA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RWA
Largest movements
- Receivables within one year +€45,246
up €45,246 (+80.6%), from €56,146 to €101,392
of which Trade receivables: +€40,348
- Deferred charges and accrued income -€11,646
down €11,646 (-53.1%), from €21,913 to €10,266
- Trade debts +€11,157
up €11,157 (+761%), from €1,466 to €12,624
- Short-term financial debts +€10,922
up €10,922 (+152%), from €7,196 to €18,118
- Accrued charges and deferred income +€6,655
up €6,655 (+9,076%), from €73 to €6,728
- Reserves +€6,000
up €6,000 (+11.8%), from €50,860 to €56,860
of which Distributable reserves: +€6,000
- Gross operating margin +€4,635
up €4,635 (+61.3%), from €7,559 to €12,194
- Financial charges +€2,465
up €2,465 (+108%), from €2,290 to €4,755
- Other operating charges -€1,846
down €1,846 (-73.1%), from €2,526 to €680
- Taxes +€311
new in 2025: €311
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,763 | €113,486 | +€34,723 | +44.1% |
| Fixed assets | 21/28 | €705 | €1,828 | +€1,124 | +159% |
| Tangible fixed assets | 22/27 | €705 | €1,828 | +€1,124 | +159% |
| Plant, machinery and equipment | 23 | €705 | €1,828 | +€1,124 | +159% |
| Current assets | 29/58 | €78,058 | €111,658 | +€33,600 | +43.0% |
| Amounts receivable within one year | 40/41 | €56,146 | €101,392 | +€45,246 | +80.6% |
| Trade receivables | 40 | €31,005 | €71,353 | +€40,348 | +130% |
| Other amounts receivable | 41 | €25,141 | €30,039 | +€4,898 | +19.5% |
| Deferred charges and accrued income | 490/1 | €21,913 | €10,266 | -€11,646 | -53.1% |
| Total equity and liabilities | 10/49 | €78,763 | €113,486 | +€34,723 | +44.1% |
| Equity | 10/15 | €70,027 | €75,799 | +€5,772 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,860 | €56,860 | +€6,000 | +11.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,000 | €55,000 | +€6,000 | +12.2% |
| Profit (loss) carried forward | 14 | €567 | €339 | -€228 | -40.2% |
| Amounts payable | 17/49 | €8,736 | €37,688 | +€28,951 | +331% |
| Amounts payable within one year | 42/48 | €8,663 | €30,960 | +€22,297 | +257% |
| Financial debts | 43 | €7,196 | €18,118 | +€10,922 | +152% |
| Credit institutions | 430/8 | €7,196 | €18,118 | +€10,922 | +152% |
| Trade debts | 44 | €1,466 | €12,624 | +€11,157 | +761% |
| Suppliers | 440/4 | €1,466 | €12,624 | +€11,157 | +761% |
| Taxes, remuneration and social security | 45 | - | €218 | +€218 | |
| Taxes | 450/3 | - | €218 | +€218 | |
| Accrued charges and deferred income | 492/3 | €73 | €6,728 | +€6,655 | +9,076% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €634 | €676 | +€42 | +6.7% |
| Other operating charges | 640/8 | €2,526 | €680 | -€1,846 | -73.1% |
| Gross operating margin | 9900 | €7,559 | €12,194 | +€4,635 | +61.3% |
| Operating profit (loss) | 9901 | €4,399 | €10,838 | +€6,439 | +146% |
| Financial charges | 65/66B | €2,290 | €4,755 | +€2,465 | +108% |
| Recurring financial charges | 65 | €2,290 | €4,755 | +€2,465 | +108% |
| Profit (loss) for the period before taxes | 9903 | €2,110 | €6,083 | +€3,973 | +188% |
| Income taxes | 67/77 | - | €311 | +€311 | |
| Profit (loss) for the period | 9904 | €2,110 | €5,772 | +€3,662 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €2,110 | €5,772 | +€3,662 | +174% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.